Willis Re strikes $132.9mn Covea cat bond deal Deal pricing mirrors that of Covea’s traditional reinsurance contracts, according to the broker.
CyberCube appoints Millette to board following $35mn fundraise Hudson Structured founder Michael Millette joins the board of directors after his company led the InsurTech’s latest funding round.
Cat loss hit for Japanese insurers drops year on year Mitsui Sumitomo estimated its Hagibis hit at $2bn while Sompo said it had recovered almost $1bn from reinsurers this year.
Legacy life manager Resolution Life completes $3bn capital raise The long-term legacy life portfolio manager will use the capital for new run-off acquisitions.
Everest Re seeks $375mn Kilimanjaro cat bond top-up The deal points to a significant price correction in the cat bond market since 2018, with projected spreads up more than 20 percent when compared with past deals.
